Biden Claims He's Beating Inflation; Top Clinton, Obama Economists Spill the Beans, U.S. Under Biden Has a 'Serious Inflation Problem'
Sep 20, 2022 09:33:39 #
And the OPP Liberal Socialist think this is just peachy
“Core inflation is higher this month than for the quarter, higher this quarter than last quarter, higher this half of the year than the previous one, and higher last year than the previous one,” Summers said.
https://thefederalistpapers.org/us/top-clinton-obama-economist-u-s-biden-serious-inflation-problem?utm_source=Email&utm_medium=brief-FP&utm_campaign=dailyam&utm_content=2022-09-20&ats_es=2d5749f8b6fe9ee541438a0ee5fba951
“Core inflation is higher this month than for the quarter, higher this quarter than last quarter, higher this half of the year than the previous one, and higher last year than the previous one,” Summers said.
https://thefederalistpapers.org/us/top-clinton-obama-economist-u-s-biden-serious-inflation-problem?utm_source=Email&utm_medium=brief-FP&utm_campaign=dailyam&utm_content=2022-09-20&ats_es=2d5749f8b6fe9ee541438a0ee5fba951
Sep 20, 2022 10:14:18 #
microphor
Loc: Home is TN
Ri-chard wrote:
And the OPP Liberal Socialist think this is just p... (show quote)
No one had to tell me that I saw at the gas station the supermarket and my online shopping for paper products
Sep 20, 2022 11:07:56 #
Ri-chard wrote:
And the OPP Liberal Socialist think this is just p... (show quote)
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President Trump left Jan 20, 2021, with an inflation of 1.4%. Now Biden had reached 9.1% to 8.3% at present. And Biden is proud about that. He said, it is t***sitory. Biden is really dumb, but greedy!
Sep 20, 2022 11:10:30 #
microphor
Loc: Home is TN
Radiance3 wrote:
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President Trump left Jan 20, 2021, with an inflation of 1.4%. Now Biden had reached 9.1% to 8.3% at present. And Biden is proud about that. He said, it is t***sitory. Biden is really dumb, but greedy!
President Trump left Jan 20, 2021, with an inflation of 1.4%. Now Biden had reached 9.1% to 8.3% at present. And Biden is proud about that. He said, it is t***sitory. Biden is really dumb, but greedy!
Yes he is.
Sep 21, 2022 13:55:06 #
Ri-chard wrote:
And the OPP Liberal Socialist think this is just p... (show quote)
True inflation 19%. Hey, June was 18%
Sep 21, 2022 16:01:57 #
Ri-chard wrote:
And the OPP Liberal Socialist think this is just p... (show quote)
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Biden does not understand how economy works. If he does, he is a LIAR. His economic policies for most economist guidelines are the opposite for a prosperous economy. It hurts and downgrades the economic system. He claimed that massive spending will lower inflation. Well, that's the opposite of the facts. His solution is printing more money. Another disastrous decision.
GDP for the 1st quarter decreased to -1.6%, whereas GDP for the second quarter reduced to minus. -.6%. The 3rd Qtr. will show by end of Sept. This is the second time when our GDP is much lower than our National Debts. The other one was after WW2.
Instead of growing GDP it is shrinking. Why? There are so much lack of labor and of production and demands are so high versus supplies. This inflation gets higher, while markets decline in productivity. The economic policies of Biden and the Federal Reserves are wrong.
Here is what's going on. Jerome Powel raised again the interest rates .
The purpose is to lower inflation and therefore slows the demands. Not so because there are more people who eat and use essentials than the producers of these products they need.
Effects of raising interest rates: Companies who depend on loans to carry own their business, raise their prices to break even, or to combat overhead cost in order to have some profits. When profits are lowered therefore taxable income is also lowered, lowering taxes collected by the IRS.
Large corporation tend to reduce employment to offset the high operating cost. Most big companies are owed by shareholders. The goal of the company to is allow shareholder to earn dividend or profits. The raise the cost of the products and services. These result to higher inflation.
Therefore the stock market continue to decline. All the gains under president Trump were all lost due to the massive decline of the stock fund under the Biden administration.
Today, the Federal Reserve announced another 0.75 percentage point increase in the target for the federal funds rate. The increase in that rate, which is the interest rate at which commercial banks lend to one another overnight, is meant to help tame rising inflation. However, the increase also has implications for the federal government’s borrowing costs and therefore the nation’s fiscal picture. That high rates increase our National Debts.
In addition, the real estate market slows down. Because of the borrowing rates of the buyers, or the investors who depends on money loaned from the banks. Effect slows down constructions, and slows down home buyers .
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